Ann: Exploration Update Drilling Phils Hill, page-34

RIP, they hit BIF.

Come on Pursuit, don't beat around the BIF, call it for what it is - sedimentary sulphides.

This is a MASSIVE dud; sediment-hosted sulphide, hosted in classic banded iron sediments, in a hanging wall position to the ultramafics. Pursuit's hopes of finding a new Julimar is toast, in my opinion.

I'll leave a small chance of this being another Calingiri/Boliden type Cu-Au metaporphyry. Maybe they've stumbled on another one, similar to CVV just down the road, which has Cu in felsic gneiss. But this is definitively not magmatic Ni-Cu-PGE.

Waiting to hear Tretchikof try to spin his wheels out of this bog. He's apparently the expert around here. Let's wait for his expert geological opinion before making rash decisions!